The mission of New Mexico Community Capital is to deliver knowledge and disciplined investment capital to high-potential businesses in emerging or underserved markets in our state.
NMCC has a double-bottom line venture capital fund with close to $15 million of committed capital under management. Managers of double bottom line funds strive to reach two goals: a good internal rate of return for their investors and enduring wealth creation and business development for the communities in which they invest. NMCC’s goal is to generate financial returns on par with, or better than, single-bottom line venture capital funds. We are also equally committed to strong social returns, usually in the form of new decent-paying jobs.
Since establishing its first venture fund in 2005, NMCC has provided venture financing for eleven New Mexico companies representing avionics, cleantech, energy/oil & gas services, health care, information technology and security.
We target high-potential entrepreneurs and companies located in or willing to relocate to New Mexico. We look for companies with the potential to transform their markets, create lasting community value and those capable of growing to an acquisition or exit.
Our investing knowledge and operating experience are as valuable as our capital. Our team works closely with entrepreneurs to pursue growth opportunities, recruit additional management, obtain debt and equity capital, and execute company acquisitions.
Our primary focus moving forward is to identify and invest in high-potential, underserved businesses in the water, energy, healthcare and food/agriculture industries. Why?
- These are markets where our team has deep experience and knowledge
- The futures of these industries are dominated by high/growing demand and scarcity. Large markets, growing demand and scarcity are ingredients for an entrepreneur’s opportunity.
- New Mexico has many competitive advantages for exploring and analyzing water, energy, healthcare and food/agriculture opportunities.
Collectively, our team has founded, served as officers or board members of over 20 companies. Combined, we have a history of successful company leadership and private equity investments that span close to 40 years.
NMCC is the only venture capital fund in New Mexico who has the decision-making experience, relationships and passion to generate great returns by identifying and investing in the solutions to some of humanity’s most pressing needs.
Venture capital plays an important role in the growth stage of the innovation life cycle – the period in a company’s life when it commercializes or manufactures, markets and sells.
At NMCC, we chart trends and developments in the industries in which we focus, water, energy, healthcare and food/agriculture. When we are introduced to, or find, a company that needs growth capital and has a proprietary product that addresses a market need in one of those industries, we’re ready to get to know management and begin our background research (“due diligence”).
Venture capital is not a grant or loan. We invest in promising companies and work side-by-side with them until they reach a sufficient size and credibility.
We focus on helping the company grow rapidly and avoid the mistakes commonly made by young companies. To do this, we help management recruit additional team members, refine marketing/sales efforts, develop financial and strategic plans, make introductions to other companies and potential financiers, identify new potential Board members and help the company in any way we can. As the company grows, sales increase and it becomes more valuable. Ultimately, we work with management to sell the company to another company, to employees or register its stock to sell via an initial public offering. Our aim is to get the most money possible for all shareholders while preserving the number and quality of New Mexico jobs. This investing and growth cycle generally takes 5-7 years.
Characteristics of the businesses we are looking for:
• experienced management with deep domain expertise
• a proprietary product, that addresses a market need/problem in a large and growing market
• the company is integrally connected to building wealth and successful communities through meaningful job creation
Aspen Avionics specializes in bringing the most advanced flight display technology and capability from the commercial and business aviation markets into General Aviation cockpits. Aspen’s intuitive glass displays increase situational awareness and reduce pilot workload, making it easier and safer to fly in both VFR and IFR conditions. Aspen’s Evolution Flight Display product line is a leader in the general aviation cockpit display market, and is among the most affordable, easy to install, and easy to use systems available to Class I and Class II aircraft owners.
IntelliCyt™ Corporation develops and markets innovative high-throughput, flow cytometry-based, cell screening solutions used in drug discovery and life science research. The Company’s innovative products, cell-screening expertise, technological advances and services make it possible for researchers to handle large-scale cell-based assays faster than previously possible. IntelliCyt’s products represent the next generation in flow cytometry technology, and are revolutionizing the way researchers do cell-based screening. This enhanced ability to rapidly and accurately characterize the interactions between potential drug candidates and cells is having a major impact on the drug discovery process.
American Clay, Inc.
American Clay manufactures and distributes clay-based earth plaster products. The Company’s products are practical, environmentally friendly alternatives to traditional plasters. American Clay products are all natural, non-toxic finish plasters for commercial and residential applications. Between 65% and 70% of American Clay material is formulated with recycled aggregate, which enhances the sustainability and Leadership in Energy and Environmental Design (LEED) ratings for their products. American Clay is creating a branded portfolio of sustainable and healthy building materials. Click here to read the press release.
Wellkeeper, Inc. provides vital business information to independent operators in the oil and gas industry through remote monitoring technology. The company’s technology enables oil and gas operators to quickly locate potential problems, thereby improving production and reducing the negative impacts of environmental leaks and spills. Wellkeeper serves customers operating in the Permian Basin, the San Juan Basin, Barnett Shale and Oklahoma.
Armed Response Team
Armed Response Team is an alarm response service that provides an immediate, armed response by trained, former police officers when a customer’s home or business alarm goes off. The Albuquerque-based company is rapidly acquiring customers who recognize the value of a quick response from trained professionals. Armed Response Team makes it easier for police officers to concentrate on their higher priority calls as the police work to protect our communities.
MIOX Corporation, located in Albuquerque, NM, sells products to purify water for public water treatment systems that are cost effective, safe and a more environmentally sound alternative to chemicals typically used to treat water. The attractive investment return forecast includes environmental and health benefits.
Aero Mechanical Industries, Inc.
Aero Mechanical Industries, Inc. is a Rio Rancho-based aeronautical inspection, repair and maintenance business certified by the Federal Aviation Administration as well as the European Aviation Safety Agency that currently employs over 50 employees. AMII expects to nearly double sales in 2007 and increase the workforce by 30-40 employees.
TruTouch Technologies, Inc.
TruTouch Technologies, located in Albuquerque, NM has developed a non-invasive blood-alcohol testing devise based on near infrared spectroscopy, which features a biometric identity verification system. The investment return forecast is extremely attractive including social and health benefits. The company will outsource the manufacturing of its products to a New Mexico company.